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recently would you accept the $1 tax increase for $10 in cuts, and you said yes. dold: sure. >> moderator: somewhere between that and 70/30, i mean, just as a general proposition? dold: well, certainly what i took as a framework in what we did, we laid out a broad framework that was talking about a bipartisan budget that would put revenues on the table and also spending cuts. i don't want to say we'd say it's got to be this or that simply because we don't know what the proposals are going to be. we do face a fiscal cliff, and the only way i think we're going to resolve this problem is by coming together and working together as i've done in this last 22 months. >> moderator: brad schneider, how did you come up with the split? schneider: if you look at what we've had in this past congress, a congress that has done everything but address the challenges we face, you have a ryan plan that not once, but twice my opponent voted for that continues to give additional benefits and cuts to the most fortunate americans, additional subsidies to large oil companies and companies shipping jobs overseas.
minutes. >> to do that -- >> the fight over governor brown's tax measure is close. our conversation with jerry brown on california's budget crunch. thank you for joining us this morning. it is sunday, october 28th. i am anne makovec. >> and i am phil matier. the governor sat down with us this week. we will show you highlights on his proposition 30, the tax plan hanging in the balance. >> and an in-depth conversation with senator diane feinstein up for re-election right now. we also had a big earthquake overnight off the coast of canada that we are following, as well. >> and in other new, hurricane sandy is moving up the eastern seaboard with the outer bands bashing the islands of north carolina. >> and the governor of new york is ordering a halt to all public transit is in new york city tonight at 7:00. the storm could affect more than 50 million people. the bridges and tunnels will also be shut down. susan mcginnis is live on the coast of delaware and susan. the winds have looked to have picked up in just the last hour. >> reporter: it certainly has ann and phil. the winds have
and that is by asking the wealthiest people and the largest corporations to start paying their fair share of taxes. i was talking about it gets us to solve that problem over a period of ten years. i thought ten years was too long basically. that was not an endorsement of every single item in the budget but the direction is going in, and whether or not i would support cutting if i supported that the budget i don't know. i have to look at the budget and see what cuts are necessary, but the most important point to remember is this. half of the budget is reform of the tax code to get the economy flat in the tax rates, lower the rates or on the base deutsch a trillion dollars of credits and the major corporations might take advantage to get the economy going and get revenues back up, get people back to work and you have less need for these programs and if it was to save the country to do it in a responsible way. >> i will get to it in a moment i'm not putting your words in your mouth. i want to understand in the short term over the next year or two would you cut the liheap funding of? diamondstone: if i w
that will make the auto industry strong -- [indiscernbile] he wants sensible regulations. he wants tax reform that will ensure we can get the auto companies back on their feet. he wants to make sure that trade is fair. he wants workers trained to work better for them. he wants their energy costs now. that is what will keep energy -- otter jobs here in ohio. that is what mitt romney is going to. balks, we are in the fourth quarter. the score is tied. we're in the red zone. we got the momentum on our side. are we going to be sure that we take mitt romney over the goal line in the next eight days? ladies and gentlemen, the next president of the united states, mitt romney. b >> thank you. what an avon lake welcome. thank you so very much. thank you, senator portman, and the lieutenant governor has been going with us all over the state. her support means everything in the world. the senator was my sparring partner. he was really strong. i finally -- it is nice not to argue with him all the time. withs good to have withhim me on the campaign trail. we have got to reelect him as the next congressman
. if he can go day by day and be on the offensive, have obama explaining, have obama try to defend of tax -- fend off attacks. if this race gets turned around, that is when the momentum stops. the key is to stay on the offensive. i think it is highly likely that he can do that. he is the incumbent president because there's a lot more to attack. and there are things happening within his own administration. you saw the e-mails today on an ghazi. -- on benghazi. the aggressive and drive it home, and then ultimately, it is all about turn out an enterprising -- energizing your base. the more you can keep the president on the defensive and look aggressive, if you energize your basic mdot the other thing is that -- you energize your base, and the other thing is that you influence these other voters based on how they feel about things. coming down the stretch, if it feels like mitt romney has the momentum and the aggression, then it swings things that way. if they are not for him out, they probably will not be. they may not vote. but if ron makenna showed that energy -- romney can show that energ
job growth. he box romney's plan to lower corporate tax rates and get rid of certain deductions. to the gas shortage, the biggest metropolitan area in this country is paralyzed by gas shortages. only a small percentage of stations have power and where they are pumping, the lines are stretching for literally miles. and takes hour to fill your tank and those stations are starting to run out of gas. it is getting ugly. tensions, frustrations rising, one driver in queens was arrested for pulling a gun on another driver who confronted him for cutting the line. in our next hour, the gas buddy joins us to talk about where there is gas. if ever there was a time when people needed a gas buddy, this is it. we're going to get both sides of the jobs issue after the break. the closing-- the opening bell coming up next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-ben
in why we still have those. >>> plus do you think the rich pay their fair share of taxes? what if we told you they're paying more than ever before? "the wall street journal" steve moore is here with all of the facts. >>> thanks but no thanks. new york city mayor bloomberg tells president obama, not to visit the big apple after the storm. i say thank goodness. but one of my guests says bloomberg is way out of bounds. he is here to disagree with me. even when they say it's not, it is always about money. melissa: first after a two-day hiatus, let's look at market headlines. wall street swung back into gear on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction supplies sent shares up 2%. that makes sense. facebook shares tumbled 4%. a lockup expired on 229 million shares today. another 804 million shares will become unlocked on november 14th. >>> lots of damage to assess. the president just spoke after touring n
. an electronics business. and he said that he and his son calculated how much money they were paying in taxes of what they earned. now, it is not a big business. four people, four employees. he said when they calculated their income tax, and then their payroll tax, and then their state income tax, then their gas tax, and then their real estate tax, it was over half of what they made. and he said think about this, we take a big risk to start a business. and then if we're one of the lucky ones where the business succeeds, the government wants to take half of what we make. so what i want to do, i want to lower the tax rates for small business. [ cheers and applause ] >> and i want to -- i want you to know, for business to work you have to have regulations and rulings. but i want to reportings to recognize their job is not just to catch the buy guys, as important as that, is, but also to encourage people -- small business has something right now that scares the dickens out of them. and that is obama care. that is one reason we have to get rid of it. now, for us though do those five things, is goi
. they register under the tax code 501 c 4. the organizations that are primarily about educating people about issues or policy options and things like that but they're allowed to do some political activity. it can't be the main thing they're about. but they are permitted to be in politics. and now because ofthe decisions from 2010 that are so famous they can be more specific in the way they're involved. the things that define the elections are -- because they're mainly about enl indicating people have been able to do that -- educating people and not mainly about elections, they have been able to do that without disclosing the sources of the money that they've gotten. so tense or hundreds of millions of dollars being spent without us knowing where it actually came from. host: let's go to our democrats line. caller: what i would like to say about this money, i feel like this money is basically it's generations of money which a lot of elderly white people have built up over time when the system was discriminatory. now they have come out and decided to buy an election. this money is not taxed or
can well afford to pay higher taxes. i will never understand how democrat and republican, especially republican, i will never understand how or and middle-class people can vote against their pocketbooks and the cheerleaders for lower taxes for wealthy people. host: that is ron in new york. if you could to the front page of the indianapolis star, piloting the senate race there. they said results are flawed. they indicate laws wants a toss up is now a double digit lead for his opponent. most significantly, women voters are driving the divide, according to the new poll. joe donnelly with 47% support. richard murdock support. and the libertarian getting about 6% of that support. silver like indiana. paul on our line for republicans. good morning. caller: good morning. host: your reactions on what is going on in your state? caller: our country was built on a religious freedom and also, in our old west -- and in the history of becoming a free country, a lot of our beliefs were made of on the bible. they say life begins at conception. and have been hearing democrats talk about rich people.
to the kind of tax rates we had under the clinton administration when those upper income earners were doing well and the entire economy was growing. we are going to have to make some tough choices and a balanced approach is the only approach i believe will get us there. >> heather, your rebuttal? >> it's amazing to me congressman heinrich that you can stand here having voted for a trillion dollar deficits for the last four years, the largest debt increase in american history and say that we have to control spending. you have done nothing to control spending over the last four years and with respect to cut gap and balance it's amazing to me also this idea of cutting wasteful spending, capping the ability of congress to spend money we don't have and balancing the budget is extreme. i think it would force congress to set priorities and stop funding things like solyndra and prioritize things like social security, medicare and education and that is why i support a balanced budget amendment to the constitution. e. republican congre
into buyers. >> tom: then, from tax hikes to corporate earnings worries,o tonight's "market monitor" guest says investors are facing a cliff of concern. robert stovall of wood asset manament joins us. >> susie: that and more tonight on "n.b.r."!me >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by conumers, the federal government and the housing c sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years post great recessi , it should be a lot better., experts call it a side-ways economy, one that is unabltona create enough jobs to bring down the nation's stubborn unemployment rate. but, people on the streets
on a shopping spree in the third quarter, shrugging off the threat of higher taxes next year. businesses, on the other hand, pulled back sharply on their spending, the first cutback in business investment in more than a year. and that has some economists concerned. >> business spending in particular was sort of alarmingly soft. and, that's where we're starting to see the effects of the fiscal cliff and the uncertainty associated with it. >> reporter: it also suggests that the economy will slow in the final quarter of this year, as companies continue to postpone purchases of everything from software to new machinery. >> i think in the current quarter we could see growth that's a little bit softer, a little bit below 2%, primarily because it looks like business investment could be even weaker. and, this is based on orders for capital equipment. >> reporter: as for how the u.s. economy will fare in the first part of next year, that's really anyone's guess. estimates for q1 g.d.p. range from negative to positive numbers, and that uncertainty is due to the fiscal cliff. suzanne pratt, "n.b.r.
. but when you look those earnings exxon paid 7.$3 billion of federal income tax. 8.65 billion of taxes but the total bill over $24 billion. 2.5 times more than what it kept and profits. the treasury market caution ahead of the unemployment report with the yield rising at 1.7%. the stock market back in business after hurricane sandy. the victory lap that both candidates took yesterday may have been far too early especially new jersey and new york struggling to restore power. working hard to get recovery efforts they would like help but essential services, food shortages, polluted drinking water. the pictures of themselves slapping each other on the back is not appreciated by those who have yet to see any evidence of what they are deprived of. the death toll has risen at 88 homes and businesses remain without power. yorkers have some relief as some sections of the subway system resumed but commuters are still struggling with limited service. automobile travel still a nightmare the major tunnels are still closed the airports are operating at reduced capacity. with those hardest hit areas
's plans. which boils down to a tax cut that he can't pay for. we can look at these polls a million different ways. they all say something different. at the end of the day, what we're focused on is getting the president across the country. meeting as many voters as possible. and investing in that ground game, ohio, florida, the first day of early voting in florida yesterday, record numbers of people are coming out to vote. there's a sign behind the president's re-election. there's energy on the ground. we're a little than a week out. we're confident. >> we're also seeing newspaper endorsements. president obama getting the endorsement of "new york times." several nums in ohio. the big surprise this morning, "the des moines register" hasn't endorsed a republican since 1972 richard nixon, they endorsed romney, saying that he offers a fresh economic vision. it said that barack obama rocketed to the presidency from relative obscurity with a theme of hope and change. a different reality has marked his presidency. his record on the economy the past four years does not suggest that he would
will -- expansion wi. i guess my point is that many low income families don't file taxes. so the information that is -- because they're not required to, not because they're out of compliance. but they may not be required to file taxes. so snap information may be available in a way that you can fast track their medicaid eligibility because they provided recent information to the snap agency. so i don't think that that really, um, complicates the opportunities for coordinating between nap and medicaid significantly. >> thank you very much. i am going to give our panelists an opportunity if any of you have closing remarks that you'd like to jump in with before we wrap it up, or -- okay. well, thank you all very much for coming. [applause] [inaudible conversations] >> this program will reair on our c-span video web site, go to c-span.org. very quickly, president obama's put off campaigning for the two days to attend to hurricane relief efforts. he'll return to the campaign trail tomorrow, actually. in the meantime, vice president biden stands in for the president at an event in ocala, florida, t
of december. we have tax cuts that are about to expire, many of them, and we also have, like you were just talking about the trillion sequester cuts. all these things are happening by the end of the year. what do you think congress should do, do you feel like they should leave everything as is? or do you think, do you have any ideas that congress should put in place that you will put forward when you guys go back in next week? >> yeah, i think that the best way to talk about the tax rates is they're what we've had for 10 years. businesses have made their plans predicated on a tax rate. i don't think we should increase the tax rates on anybody. i don't care if you're rich, middle class or poor. we shouldn't divide up people. we should divide people into two sectors. private sector, public sector. i don't want to grow the public sector, i want to grow the private sector. so that means means, leaving as much money in the private sector as possible. i don't want to tax anybody any more to take any money out of the private sector. why? because that's where jobs have created. we've tried this be
in massachusetts. >> once he took office, he pushed through a tax cut that overwhelming benefited 278 of the wealthiest families in the state, and then he raised taxes and fees on middle-class families. to the tune of $750 million. does that sound familiar to you? >> his argument of course exactly what governor romney is going to do if he's president. >> wait a second, the fact is barack obama would trade job creation of romney as governor in a hartley beat. he would trade of massachusetts under romney in a heartbeat. romney worked with a democratic legislation la sure. you look at romney's record, it looks obama's presidency pretty thin. the longest period of high unemployment in america history since the great depression. every person who buys gasoline today is paying $2 a gallon more because of obama's energy policies. i think obama if he would have a chance would love to have romney's record in massachusetts. >> the price of gas is going down in these final weeks. >> sure, it goes down every fall. it's still the most expensive this time of year in america. $2 more when obama becam
barack obama took office, 42% of the taxpayers were not paying any income tax. people in central pennsylvania and all across the t are getting tired of this class warfare. you look at the most wealthy california, massachusetts, maryland. they are the most democratic states. they are the ones that claim help their constituents. they vote republican. why is that? is not because they are wealthy. it is because they have a value system. they do not want government solving their problems. host: thanks for the call. josh, would you like to respond? guest: there are people in his community that may not be paying income taxes right now. the 47% that mitt romney spoke up and that the caller was referring to. it is wrong to cast seniors and veterans aside and suggest they are not paying their fair share. they pay their fair share entity to pay their fair share in other ways. i absolutely and completely reject the claim that mitt romney put forth. it shows how out of touch he is with what is going on in this country an average pennsylvanians. i brought up with terry madonna. pennsylvania is
. significant things like tax policy and policies on deficits. i think there is going to be a long period of time before we will get any action on this. i'm just talking about when someone puts out an idea, which has to be challenged in congress and debated, and then you get something fast, and then you have the implementation. after all, think about where we are as far as implementation in terms of obamacare. unfortunately, i am very pessimistic about when we finally get resolution. >> yes, sir. >> i am a student at harvard kennedy school. you started your remarks talking about the incredible remarks before the conservatorship. as we think about the entities that will follow, how we think about creating an appropriate amount of political installation against lobbying when it comes to capital requirements or appropriately pricing governments guarantee? >> that is a real important question. i can tell you that during my time in the conservatorship. we had really strong restrictions. we were not able to make any political contributions. not just the corporate level, but i, personally, was n
their taxes and he wouldn't try to prove his manhood by prolonging a war that shouldn't have started in the first place. it's a dam shame this happened to george because i don't know how long it will be until we have a president who feels like that. he was right. our country missed an incredible opportunity in 1972. [applause] [applause] but even though george mcgovern lost that election, that loss is not his legacy. right now there is a family in new jersey that can put food on their table. that's his legacythere is a little girl who has never heard his name who has . enough to eat and is getting an education. that's his legacy. and it is up to us to each and every one of us to carry that legacy forward. we love you senator. [applause] i'm garry heart of colorado. [applause] nations even great nations sometimes require a voice of conscience. george mcgovern was the voice of conscience for our nation in our time. the voice of conscience began with israel with it's profits call israel back to their purpose and cause. in america george mcgovern stood in the tradition of henry david aut
. so what they will try to do is dump losers to get that tax write-offs which adds to the pressure on the opening tomorrow as getting teeseven skittish opening. so watch out. it could sort itself out by next week, tomorrow we are expecting volatility. lou: thank you. >> short. lou: we will cover the political impact can't take that up. the economic impact of all this with the "a-team". next. there may be just as after all for the family of border patrol agent bryan terry murdered by mexican drug cartel members using guns supplied in operation fast and furious. president obama has a fill-in on the campaign trail, his chief campaigner in substitution, well, guess it is? well, it all depends on what the meeting of is is. joining us with his reaction, best-selling author ann klein. also the latest on benghazi. with the election now week away, we take the question of whether hurricane sandy will affect the voting with the outcome with the "a-team." ♪ everyone in the nicu, all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you ch
yesterday. the president of using his of parents to accuse mitt romney of raising taxes on middle class when he was governor of massachusetts. the question we are focusing on this morning is, what if there is an election dispute? we are basing it apart on a story that has this. election disputes likely. we already posted the question on the facebook page. some of you have already weighed in on this. give us a call. you can almost -- you can also send us an e-mail or join us on our twitter page. if you remember election night -- or maybe we should say election morning 12 years ago -- let's go back to cbs news's coverage of the race between george bush and al gore. >> let's point out what the television networks are using a pool of data and exit poll of permission and other ever mission have made some mistakes over the night, the big one meeting in florida, first calling it for al gore and then for george bush and calling it back. television and radio networks are not the only ones who had to take some calls. >> this is one that called it for bush. they came out with a new addition, they calle
're afraid to go after medicare, medicaid and social security and defense spending and reform taxes to bring more revenue to the federal government, you have to rely on the 11%, 12% of the federal government that is discretionary. so what do you end up doing? since you're not going to tell the truth about having to cut medicare, medicaid, social security, defense spending, you know, reforming the tax code to bring in more revenue to the federal government, you've got to go after fema, which actually fema's not driving us into debt, look at the numbers. you've got to go after big bird, big bird's not driving us into debt, go after -- >> not going after the firefighters -- >> you've got to go where the money is. you rob the banks because that's where the money is. if you want to save america, you have to go where the money is. that's health care, that's medicare, medicaid, social security. you've got to reform them in a way. and i'm not saying voucher systems, this is about math. you've got to reform them in a way that would save those systems, save this country. and then you got to go after d
billionaires living in this building. the reason it's already been under scrutiny is there getting some tax breaks for buyers as well as the developer, originally aimed at low income tax pairs. so, this is a building already under some scrutiny, some controversy. no indication whether they've done anything wrong here but it means people will be watching this very closely to see if anyone was at fault with this crane or anything could have been done earlier because this building is so high profile. >> whoa heard reports they have evacuated the area below and around that building there just in case. certainly we hope for the best there. the reports we've this is the wind -- that high up, that's why they've encouraged people, even if you believe you liv in a safe haven in a high rise in new york city where flooding isn't an issue, the wind becomes an issue because as you got high enough up there, the wind can be up to 110 miles an hour. no doubt, that is what has caused this partial collapse of the crane above that building there at west 57th and 6th avenue in new york city. we're going to tak
california workers know proposition 30 as governor brown's tax measure to ♪ [ female announcer ] nature exists on the grandest scale... ♪ ...and in the tiniest details. ♪ and sometimes both. nature valley granola thins pack the big taste of granola and dark chocolate into one perfect square, under 100 calories. nature valley granola thins. nature at its most delicious. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ too bad the guys aren't here we're clear. ok, swarm! swarm! hello [ female announcer ] pillsbury chocolate chip cookies. let the making begin >> the presidential campaign is entering its final weekend and it found both candidates in the battleground state of ohio yesterday. rock star kid rock entertained the largest crowd to attend a mitt romney rally. both candidates wrapped up their speeches in remarkably different styles. >> i know you have full hearts, you love this country and its future, and i know we can't lose on tuesday. we are going to win! i need your
back to an economic theory that got us into this mess with tax cuts for the rich that he hopes trickles down and somehow helps the middle class. that's not change. that's more of the same. >> there's no information about the consulate attack in benghazi, about the cia's role, how long it took for them to respond there. there seems to be this dribbling out of information from this administration. respond to the critics who say the president needs to do more on this and he is running out the clock until after election day. >> nobody wants to find out what happened more than the president and this administration. that's why he and the secretary of state have ordered a comprehensive investigation as to everything that happened that night in benghazi, everything that led up to it, so that we can get answers. we'll put people in harm's way doing the diplomatic business of this country, we need to ensure that when we do that, we do it with their safety utmost in mind. that's what this investigation will show us. obviously it's clear -- i don't have any information other than what i read in the
companies shipped jobs overseas. his plan cuts millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. >> wall street is back open for after its long distance sincer-related shutdowns the 19th century. new york mayor michael bloomberg of bringing the opening bell to resume trading. >> as people get back to work in jersey, to get the lights forming long lines are r gasoline. more than 2 million homes and businesses without power in the garden state. six people killed. president obama scheduled to jersey today and will with new jersey governor chris christie. the president also will talk folks recovering and to thank someance of the first responders. nationwide, gas prices dropped after the storm. average for a is $3.52. that is down for pennies from yesterday. 11 cents lower than a week ago. -- down 4 pennies from yesterday. get finally starting to following days of cancellations from hurricane audrey d.c. area
looking for good job? would you want a full you are more years of declining earnings and raising taxes? would you want a full you are more years with trillion dollar deficits every year? >> both campaigns are playing the confidence game. both sounded upbeat about their candidate's chances and who can blame them when the polls are so close. behind the scenes, they must be very nervous. bbc news, washington. " there's good news for burma. the world bank has proposed development grants of $80 million and will provide another $160 million of credit once the country has cleared its existing debt. it's helping with the asian development bank and international monetary fund. this is after a year of political reform. we are joined by our bbc editor for the burmese service. >> the money is going to be used primarily to provide financial governance to the government and, also, to create conditions for growth and jobs. that's where the money is going to be spent. this is a tremendous boost to the burmese government, because in the last 20 decades there were western sanctions and it had not receiv
when people say why it is that they pay taxes and why they have a government. fema was so broken and so dysfunctional back in the days of heck of a job brownie and the miserable way that we failed to protect and respond and help our citizens in new orleans to recover and under president obama, actually in a much improved fema and honestly, you know what, the republican senators say the same thing and i'm glad that they are saying it in the face of this storm. the truth is that the public safety, emergency preparedness should be nonpartisan and there are certain things that we have to be able to find a way to afford to do and protecting the public in the face of big emergencies is one of them. so it's been really inspiring to see the way that men and women have come together in our state, our national guard and our friends from colleagues from fema and crews and fast water rescue teams from states like south carolina and texas. this is a moment when we put aside the politics and focus on protecting life. >> well, it looks like we're getting landfall right now in the state of delaware. wh
: this is barbara on twitter. guest: correct on the tax-cut and hopefully get the economy moving. i republican for my issues, which are limited government and lower taxes and less regulatory environment. in colorado, where you find is in her to give her as he moved west across the united states, and republican voter is a quasi-libertarian type of voter. it is limited government. it is kind of an old west at it, keep government out of our lives. i think you also see others that will move toward the center as well. it is limited government and less washington d.c. involvement in our lives. host: what is the makeup of the state legislature? guest: we have a slight majority in the state house for republicans. we control the state house. and the senate, a slim majority for the democrats. the attorney general and other statewide elected officials are republican. and our governor is a democrat and very popular. it is representative of the voting population we are little helter-skelter. host: mary and westfield and new jersey, independent caller. caller: can you hear me? host: my fault, go ahead. call
payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> we're back to watch what some traders are calling the first real test of the market this week because we have the first ipo opening after sandy, restoration hardware. we'll talk with the ceo in a moment. we're told the idea of delaying it was never really seriously broached. the only question was whether to get everyone here it physically. it appears they're going to do that, work on this and we'll see how liquidity operates in the new environment. the salvation army helping those in need during hurricane
's a difference of opinion between the two camps, romney's view that high income tax cuts and deregulation lead to growth. the obama view that it's investments in infrastructure, the work force, things of that nature that will lead to faster growth. and you know, you have to pick one or the other. >> and then quickly, yes or no, will voters take these numbers, these jobs numbers just days before election day, into the voting booth with them? >> probably not. i mean, certainly not the people whose power is out and they're dealing with the hurricane damage and stuff like that. but evidence is pretty clear that people get a general impression of the economy as opposed to looking and sayingering well, this was 171,000 and it was expected to be 125,000 so therefore i'm going to be really happy. >> that was the former chairman of the president's council of economic advisers. jim acosta is traveling with the romney campaign for a rally in dubuque, iowa, after a morning stop in new hampshire. he filed this recoport just a f minutes ago. >> mitt romney is in the middle of a battleground blitz you might
destructive." like allen's votes to give tax breaks to companies... that ship jobs overseas, his economic plan would... help big corporations, devastating the middle class. allen even voted against tax breaks for small businesses. virginia can't afford to go back to george allen. the democratic senatorial campaign committee... is responsible for the content of this advertising. >>> right now on fox 5 morning news, check this out. the scene last night in lower manhattan. a transformer exploding. no doubt contributing to the -- wow, that's pretty big. contributing to the hundreds of thousands in new york with no power this morning. wow. >>> all right, the lack of power is also a problem closer to home. hundreds of thousands in dc, maryland, and virginia, are waking up in the dark and the cold. >> let's get an update now from pep co. joining us on the phone, just as he did yesterday, probably about the same time is clay anderson. clay, good morning. >> good morning, allison. good morning, tony. >> where are we now with the power and pep co's response? >> where we are right now, we have about 25,4
for the heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. ♪ mile after mile, to and from ♪ now there are four for all to use ♪ ♪ tell the neighbors, friends, everyone the news ♪ ♪ and let's hum, hum, hum, hum ♪ ♪ let's hum ♪ a prius for everyone ♪ there's a bigger one, if you want more space ♪ ♪ a small one if the city's your place ♪ ♪ and even one you can plug in ♪ so hop on in and give one a spin ♪ ♪ and let's hum, hum, hum, hum ♪ ♪ let's hum ♪ a prius for everyone >> osgood: so where do our popular superstitions come from? the compulsion to knock on wood seems to date back to paying and times. when people believed trees were homes to spirits. spirits that could provide good luck for the asking. our weariness of walking under ladders is traced to the early christ
and taxes, and they're only going to get more expensive. that's next. 0t[h7 >> we all know about the fiscal cliff coming in january. less attention though is being paid to the death tax. if congress doesn't fix it, the estate tax is going to go up to 55% after the first million dollars. now right now it's 35% after the first 5 million dollars. guys, what do you make of this one? >> i mean, just don't die, everybody. i mean, this is really -- talk about you didn't build that. penalizing people who worked really hard to pass it down to their kids. i don't think people realize this is happening. congress has to do something about this. when you talk about this, it won't make any difference in our debt. just forget it. other countries have forgotten it. forget it. ccarles: it's not designed at all to help the country. thu at 10:00, the very latest -- new at 10:00, the very latest on the tracking of hurricane sandy and the conditions on the shore. we have team coverage that continues right after this. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon
portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. s sds. >>> good morning and welcome back to sidewalk squawk here on cnbc. it is the headlines, a two-day shutdown is over. i've missed it a little bit. >> you've missed the market? >> there's something about being a business reporter and having no stock trading that makes me wish that there was stock trading again, isn't there? >> i'm actually eager for earnings to pick back up again, which is kind of crazy. >> that is really warped. plenty of news for investors to react to when trading begins later this morning. for now, walt disney is buying lucas films, the company that brought the world "star wars" for a little over $4 billion is what they're paying in cash and stock. the deal means that new "star wars" films, starring with "star wars episode 7" will be disne
deteriorated which means more gridlock, more fiscal cliff, more god knows what. higher capital gains taxes. higher dividend tax rates. all things that are antithetical to the stock market. are they not? >> absolutely true. and, you know, lately in the last few months we've seen the unemployment rate in some of the key states that republicans need to hold like maine, they've gone up. that's going in the wrong direction. i don't know to what extent they hold the current senator responsible for that. certainly it creates a sense of discomfort with the incumbents and possibility of change there. so, you know, those odds have really changed and that's just a huge big deal for next year. the markets do not like a divided congress and we've got so much at stake in the lame duck session, it's a major issue for the markets and one clearly i think investors are voting with their feet and getting out of the way. >> jeff, why did gold crash today? >> you know, it had to do with the dollar going up. had gold down, silver down, oil down, copper down. they were all down. i think the dollar went up on a l
on the ballot next tuesday is proposition 30, the tax measure gov brown is pushing. supporters say it will help california schools. nannette miranda has both sides of the debate. >> save our schools! save our schools! >> all the talk about proposition 30, gov brown's tax measure, centers around public school funding. but law enforcement and local government representatives are worried about the other part of prop 30, a constitutional amendment that guarantees state funding for realignment. the prison inmate shift where counties must now house thousands of low-level inmates who used to go to state prison. if it fails, counties are asking how will they be able to afford this expense? >> if the money goes away, it will have a dramatic impact on the way we do business. >> lawmakers have a history of taking money from one program to pay for another. constitutional protection means politicians cannot touch the money at all unless it goes back to the voters. >>> the next two budget years already show counties will get more than $6 billion in each of those years to take on the new inmates. >> the fundi
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